On-line sales platform eBay UK has recently released interesting research suggesting that the success of a business start-up could in part be influenced by its geographical location.
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The average Scottish house price reached £143,282 in June this year, which is 4.6% higher than the same month the previous year and 2.7% higher than May 2016, according to the latest UK House Price Index (UK HPI).
Mortgage lending to first-time buyers totalled £5.5 billion in June this year on an unadjusted basis, which is a 28% increase over May and 25% higher than June last year. In total, 34,300 loans were made, up 24% month-on-month and 17% year-on-year.
The latest House Price Index from Halifax has revealed a 1.6% increase in house prices in the three months to July, compared to the previous three months. This exceeds the 1.1% increase seen in June, and is similar to the rates recorded in April and May (both 1.5%).